India's SRM Contractors jump on NHAI project win

SRM Contractors

23/07/2024 05:37

** Shares of India's SRM Contractors  SRMC.NS  up as much as
9.1% to a record 244.40 rupees, last up 5.5% 
    ** Stock set to gain for the fourth straight session, if
trends hold  
    ** Construction co got an order worth 1.19 bln rupees ($14.2
mln) from National Highway Authority of India (NHAI)
    ** Trading vols 2.3x 30-day avg 
    ** Stock has risen ~5% so far since listing in early April 

($1 = 83.6260 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))